Wealth Conference Attendees Address Boomer Client Needs and Emerging Industry Trends at Annual Conference

TORONTO, May 27, 2015 /CNW/ - Private Wealth professionals address the impact an aging baby boomer generation will have on their practices at CFA Society Toronto's Annual Wealth Conference on May 13, 2015. 

Attendees used automatic polling devices to vote on trends, sentiment and concerns in their current and future practices within the private wealth industry.  Conference topics provided learning opportunities for private wealth professionals, including: tools to estimate the true cost of retirement, planning strategies, the role of medical experts in the assessment of mental capacities and undue influence, as well as other trends that embody a client centric practice. 

Thirty-five percent of those surveyed feel that reducing market risk and lowering stress is the best way to meet the needs of aging clients, whereas 31 percent believe that increasing support to clients and their families is the best way to meet financial demands of Canadians, as their needs and mental capacities evolve with age. Twenty-seven percent feel that estimating the true cost of retirement best serves their clients.

"Focusing clients and their families financial obligations and needs throughout significant life stages is one of the many ways that investment professionals can  help strengthen trust with their clients and in turn the industry as a whole.  By creating an environment where service to the client comes first, there is value gained for everyone involved." said CFA Society Toronto CEO, Sue Lemon, CFA about the theme of the Wealth Conference and Putting Investors First Month.

May commemorates CFA Institute's Putting Investors First Month, a global initiative which aims to encourage financial professionals to place the interests of investors above their own, and build awareness of the fiduciary duty to protect investor interests.  CFA Society Toronto is celebrating this initiative alongside many other global CFA Societies. To find out more about how CFA Society Toronto Puts Investors First follow us on Twitter @CFAToronto

For an extensive breakdown of survey results please email [email protected]

The views expressed in the above-mentioned do not reflect the views of CFA Society Toronto.

About CFA Society Toronto
CFA Society Toronto supports the professional and business development of more than 8,300 CFA charterholders in Toronto, making it the second largest CFA Society in the world. It provides members with a local perspective on a global designation, including: educational programs, sponsored events, job postings, quarterly newsletters, a comprehensive affinity program and networking opportunities. A not-for-profit organization, CFA Society Toronto is affiliated with CFA Institute, the global body that administers the Chartered Financial Analyst curriculum and sets voluntary, ethics-based performance-reporting standards for the investment industry. CFA Society Toronto's members are leaders in ethics in the financial community. For more information, please refer to www.cfatoronto.ca.

SOURCE CFA Society Toronto

Media contact: Sara Pacella, Manager, External Communications & Media, CFA Society Toronto, Tel: [phone] X 235, [email protected]